In a statement made to Egypt Oil & Gas, a source at the Petroleum Ministry revealed that new incentives were being enacted for the coming period to attract foreign investors.
Of these measures, one of the most important, was the issuing of dollar bonds in local banks, to assist the government in the case it cannot immediately pay back money owed. Other measures include adjusting the price of natural gas, on an annual basis if global prices change, along with denominating revenues received from production sharing agreements in hard currency instead of the Egyptian pound. This last measure is meant to help resolve dollar crises in local markets.
The source added that all petroleum agreements that are signed must add vale to the Egyptian economy.